India braces for big impact as Trump’s steel tariffs threaten to worsen glut of metal in Asia

India and Vietnam, fast-growing Asian steel producers, may suffer if President Trump enforces 25% tariffs on all US steel imports from March 12. This US protectionist move could intensify global steel tensions, potentially diverting steel to oversupplied markets and causing prices to drop further. Investors are anxiously awaiting the finalization of these tariffs.